Pisani, referring to reports of a planned $6 billion to $8 billion repurchase by Walt Disney (DIS), remarked, “Six to eight billion, that's nothing. You shoulda seen what Apple is doing this quarter. They are the all-time champion of buybacks. They just hit an historic record.”

Apple last month received new pressure to be even more aggressive in its buyback plan from activist investorCarl Icahn.

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There are 15 comments

SEPTEMBER 12, 2013 3:46 P.M.

To Mr. Icahn: wrote:

I'll see you at $700

SEPTEMBER 12, 2013 4:08 P.M.

From Mr Icahn wrote:

Um, AAPL is going much higher than $700.

SEPTEMBER 12, 2013 4:11 P.M.

Sybil wrote:

I don't see the share buyback reflected in the stock price yet.

SEPTEMBER 12, 2013 4:32 P.M.

Anthony wrote:

They should have made a lot of buybacks when share price bottom out @ $385-$400. Anyway, why can't a corporation set purchase price limit (i.e. buy when the share price dips to a certain level?)

SEPTEMBER 12, 2013 4:41 P.M.

hello kitty wrote:

Hope they bought back a lot yesterday and today. It's been a huge fire sale.

SEPTEMBER 12, 2013 4:56 P.M.

Ron Peterson wrote:

Buybacks when done at higher than intrinsic value reduce the value of the stock.

I would like to see Icahn get out of his position in AAPL before they decide to
convert their operating system to Windows (or whatever it is called now).

SEPTEMBER 12, 2013 5:12 P.M.

EricSRox wrote:

Beavis: Heh heh, heh heh, you said "Windows."

Am I seeing AAPL's chart right: the mother of all cups with handle forming either on the $550 level, or back at the $650/700 level? Also with a near perfect double bottom formed (right side is slightly higher than left, but still damn close), and then this latest purge fills the gap in from Jan? Looks like a possibility of massive break out from either of those two levels 'round January...

SEPTEMBER 12, 2013 6:04 P.M.

Break Out is Correct. wrote:

Anybody who's been relentlessly mocking Cook and Apple is gonna get it. Oh boy. You bet. You just watch.

As for the analysts and downgrades. They should wear helmets. They sound like they've been opening doors head first for years. So stop it. Take up landscaping. Get some sun. Fresh air. No stress. Just you and the dog and the rake or the garden hose. Doesn't that sound wonderful Peter Misek?

SEPTEMBER 12, 2013 7:22 P.M.

James T wrote:

I think you guys are missing the big picture. Apple users will refresh because they are locked into the eco-structure, but their share of new subscribers will drop precipitously.the bottom line is: they no longer produce the best phone. Check out e.g. the new Sony' Z. Its features are incredible when stacked up side-by-side to the new iPhone, including for example a 13 megapixel camera with the kind of an advanced sensorfound on their cameras. In China consumers can purchase a superior phone with a $331 price tag from a company that just hired the head of android away from Google . Just search "Xiaomi Mi-3." this company is the new rockstar in China. Why would anyone buy an inferior iPhone at twice the price?
yes, the stock can go up on a China mobile announcement or upon the release of their new iPads, but their market share is heading down permanently on every product. look what happened with Motorola and Nokia and Microsoft.

SEPTEMBER 12, 2013 7:26 P.M.

James T wrote:

google Xiaomi Mi-3 phone

SEPTEMBER 12, 2013 8:24 P.M.

Macrimony wrote:

"Um, Apple is going much higher than $700." B.S.! That's what they said last year before Apple' stock tanked worse than the Hindenberg airship and it still hasn't come close to recovering. Apple is a crap investment with Tim Cook screwing Apple's shareholder value miserably. Netflix, Google, Tesla, Amazon, and Priceline are bulletproof companies with skilled CEO's who actually know how to put value into their companies. Apple and Tim Cook have more holes than Swiss cheese and every day brings a new disaster waiting to happen for shareholders. You can cheerlead Apple all you want but like the N.Y. Yankees, Apple is a high-paid company losing practically every game to even lousy clubs. Long-suffering Apple shareholders have to sit in the bleachers as Apple gets shut out game after game of shareholder value. Time for Tim Cook to hang up his pink velour spikes and get a CEO who's willing to play hardball, happily throwing fastballs at opposing batter's heads.

SEPTEMBER 12, 2013 9:23 P.M.

@ Macrimony + James T wrote:

Nope. So sorry. Don't think so...

Fact is. Apple's new iPhone 5S is the world's best hand held computer and it has LTE telephony, plus... And the super 64 bit chip along with the M7 chip is unbeatable. Don't you just love it. C'mon. Say it! You lying coward. Developers are salivating over it. So is the military and enterprise. Hoo ha. Amazing stuff to follow.

This time. Hmm. How come Google hasn't taken any direct swipes at Apple? Larry! Oh Larry! Where's Larry baby? Tell us shout your boredom. And how come the airwaves are now dead re Glass? Sergei busy? What's he doing? Everybody wants to know what Sergei is doing. Don't you?

SEPTEMBER 13, 2013 4:37 P.M.

Paulo Lin wrote:

Get your heads out of the sand, Apple is going down and you should have all gotten out at $500, that was the key point. Apple VPs are selling out, why? Stock is now down 10% from the iPhone 5s and 5c launch even with that idiot Icahn trying to manipulate the shares. What a JOKE!

OCTOBER 14, 2014 3:25 A.M.

image masking wrote:

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Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.